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Circulation find today - $50 star note 1977 series
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<p>[QUOTE="krispy, post: 1370169, member: 19065"]Believe it or not problems from circulation long ago continue to effect the value to 1922 Gold Certificates. Problem free they can fetch even more value among collectors. The problems don't go away, even if you can't readily see them, but you are sure to see a difference in value when it comes to those who know how to review and determine a notes value. </p><p><br /></p><p>The note in the OP hasn't had the same life span nor changes to circulating currency to effect its value very much for the amount of notes issued and yet outstanding in circulation. That is gold and silver certs were withdrawn and later replaced with Legal Tenders and FRNs. Limited numbers of circulated gold certs with problems carry a premium because the populations are low across all notes that still exist. FRNs haven't yet been withdrawn and sufficient numbers of these notes redeemed then destroyed to remove them from circulation, and in turn working towards elevating those notes collectible values. When that happens FRN notes in collections will take on new meanings in value. Those with the problem free examples at that time will have certainly been worth ridding one's collection of such problem notes now, because obtaining them after they no longer are meant to circulate will only increase the expense of obtaining notes later for a collection.</p><p><br /></p><p>The counterfeit pen, as mentioned earlier does/can fade, and may be undetected to the naked eye, but<u> that doesn't mean</u> it is "completely gone" as you said. </p><p><br /></p><p>Since you don't appear to be someone who checks their own notes for such problems with UV lamps to uncover issues not easily detected, you're not presenting yourself as being qualified to suggest the note you bought really has no trace ("completely gone") of the counterfeit pen remaining. Believe it or not, some people do run notes through more serious and rigorous checks for problems, such as back lighting and UV light to uncover hidden defects and to check whether the note is authentic or has been altered to hide problems. Such lighting can and does uncover what you think doesn't exist. Believe it or not, what appears to have disappeared today, may also return later on, particularly with regards to atmospheric conditions effecting paper articles that have been erroneously stored.</p><p><br /></p><p>Notes sent for submission to be graded may also go through these more rigorous diagnostic reviews prior to a company putting it's name on a grade. </p><p><br /></p><p>Gold certs circulated and have condition problems, yet many have been certified. Values vary depending on problems vs. problem free examples, even in TPG holders. A problem such as a counterfeit pen could well be uncovered in future analysis whether you can see it later on or not. Technology can also improve to reveal things we cannot know/see now. Just because you collect in the here-and-now and do not take a long term view, don't be so willing to suggest that it doesn't matter because it's a modern circulation find. </p><p><br /></p><p>A lot can change to affect the factors of determination of value over time, so something like this in the future depends upon knowing the potential pitfalls that lie in your collection before accepting them into your collection. The perception of value and worth you have in your collection for faults accepted now, may be a rude surprise to you if you move to sell your collection later on. It is certainly worth knowing what you are putting your money into (even face value of $50 set aside) now, at the expense to your collection later. Similarly, being informed of what you are selling to someone later will spare you the expense and potential embarrassment of learning the hard way should a buyer later question you on some aspect you didn't represent or were even aware existed but was easy for someone else to discover at that time.[/QUOTE]</p><p><br /></p>
[QUOTE="krispy, post: 1370169, member: 19065"]Believe it or not problems from circulation long ago continue to effect the value to 1922 Gold Certificates. Problem free they can fetch even more value among collectors. The problems don't go away, even if you can't readily see them, but you are sure to see a difference in value when it comes to those who know how to review and determine a notes value. The note in the OP hasn't had the same life span nor changes to circulating currency to effect its value very much for the amount of notes issued and yet outstanding in circulation. That is gold and silver certs were withdrawn and later replaced with Legal Tenders and FRNs. Limited numbers of circulated gold certs with problems carry a premium because the populations are low across all notes that still exist. FRNs haven't yet been withdrawn and sufficient numbers of these notes redeemed then destroyed to remove them from circulation, and in turn working towards elevating those notes collectible values. When that happens FRN notes in collections will take on new meanings in value. Those with the problem free examples at that time will have certainly been worth ridding one's collection of such problem notes now, because obtaining them after they no longer are meant to circulate will only increase the expense of obtaining notes later for a collection. The counterfeit pen, as mentioned earlier does/can fade, and may be undetected to the naked eye, but[U] that doesn't mean[/U] it is "completely gone" as you said. Since you don't appear to be someone who checks their own notes for such problems with UV lamps to uncover issues not easily detected, you're not presenting yourself as being qualified to suggest the note you bought really has no trace ("completely gone") of the counterfeit pen remaining. Believe it or not, some people do run notes through more serious and rigorous checks for problems, such as back lighting and UV light to uncover hidden defects and to check whether the note is authentic or has been altered to hide problems. Such lighting can and does uncover what you think doesn't exist. Believe it or not, what appears to have disappeared today, may also return later on, particularly with regards to atmospheric conditions effecting paper articles that have been erroneously stored. Notes sent for submission to be graded may also go through these more rigorous diagnostic reviews prior to a company putting it's name on a grade. Gold certs circulated and have condition problems, yet many have been certified. Values vary depending on problems vs. problem free examples, even in TPG holders. A problem such as a counterfeit pen could well be uncovered in future analysis whether you can see it later on or not. Technology can also improve to reveal things we cannot know/see now. Just because you collect in the here-and-now and do not take a long term view, don't be so willing to suggest that it doesn't matter because it's a modern circulation find. A lot can change to affect the factors of determination of value over time, so something like this in the future depends upon knowing the potential pitfalls that lie in your collection before accepting them into your collection. The perception of value and worth you have in your collection for faults accepted now, may be a rude surprise to you if you move to sell your collection later on. It is certainly worth knowing what you are putting your money into (even face value of $50 set aside) now, at the expense to your collection later. Similarly, being informed of what you are selling to someone later will spare you the expense and potential embarrassment of learning the hard way should a buyer later question you on some aspect you didn't represent or were even aware existed but was easy for someone else to discover at that time.[/QUOTE]
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Circulation find today - $50 star note 1977 series
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